Inox Clean Energy inks $600 million deal for Macquarie’s Vibrant Energy

NEW DELHI : New Delhi: Inox Clean Energy Ltd has signed an agreement to acquire Macquarie Group’s renewable energy platform Vibrant Energy, in a transaction valued at an enterprise value of $600 million and an equity value of $200 million, according to two people aware of the development. The deal was announced by Inox Clean, a part of the INOXGFL Group, on Sunday. "The acquisition would be funded by the through the pre-IPO (initial public offering) fundraises, internal accruals and capital from the promote ...